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1987 (6) TMI 78 - ITAT BOMBAY-DExtract: ....... 58,311 received in lieu of encashment of leave salary is a capital receipt and as such is not taxable at all. Since at the time of hearing, the ld. counsel for the assessee has not pressed this cross objection, we need not discuss the same. 8. In the result, the appeal of the department as well as the Cross objection of the assessee are dismissed.
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